Honest question - if the PPS was a little over $1 when the seizure happened, why would we be getting over that from JPM in a settlement? If I'm correct, the whole argument is that the FDIC and JPM took us while we were solvent. While we may have been, why would we think that we would get around $40/share if we were nowhere near there on the day that this all happened, unless JPM was doing something before that point to lower our share price?
I agree, why would jpm agree to 10 20 30 or 40.. No way not in your life time..
2 to 3 is where the settelment may be if JPM is feeling generous.
Worst case they say, go tell the common holders to take jump..
Do some DD.
JPM is responsible for bringing the share price down to those levels.
They manufactured the crisis.
They also made off with billions upon billions in assets they didn't pay for.
They'll pay us for what they (with the help of their minions at the FDIC) stole from the company aka the shareholders via settlement, buyout, or in court.
in the day of the seizure have been traded more shares than actually WAMU had.There have been traded around 2.3 billion shares from wich there where more than 1.1 billion nakeed shorters wich are still not acounted for.This is have been asked to SEC to clarify their position but have never come our with a answer.They just refuse to give information about the what hapend in the day of the seizure and how it was possible that NITEs and some othe Market makers had such a large position on the WAMU Stock when it was well know thats only the TGP and Chinees had in their portopholio more than 250+600million shares never sold or rented.So if that goes to trial this have also to be explain from the SEC and the NITE a broker company under the JPIGs mangment.So thats why we the longs on WAMU say ask and shout for the whole case to br brought to justice and give the right penalties to the JPIGs+FDICks the evil duo of the USA.